Barclays PLC raised its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 443,116 shares of the company's stock after buying an additional 31,050 shares during the period. Barclays PLC owned about 0.08% of Samsara worth $19,358,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of IOT. Wellington Management Group LLP raised its holdings in Samsara by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock worth $383,000 after buying an additional 388 shares during the period. Virtu Financial LLC acquired a new position in Samsara in the 3rd quarter worth approximately $1,689,000. Wilmington Savings Fund Society FSB purchased a new position in Samsara during the 3rd quarter worth approximately $546,000. Franklin Resources Inc. acquired a new stake in Samsara during the 3rd quarter valued at $10,868,000. Finally, Lord Abbett & CO. LLC boosted its position in shares of Samsara by 1,909.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after buying an additional 1,777,757 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.
Samsara Stock Performance
Shares of IOT stock traded up $2.06 during trading hours on Thursday, hitting $39.28. The company had a trading volume of 2,878,605 shares, compared to its average volume of 3,780,374. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The firm's fifty day moving average is $41.30 and its 200 day moving average is $46.53. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of -83.57 and a beta of 1.71.
Insider Buying and Selling at Samsara
In other Samsara news, insider Sanjit Biswas sold 85,291 shares of Samsara stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $55.30, for a total value of $4,716,592.30. Following the completion of the transaction, the insider now owns 132,000 shares in the company, valued at approximately $7,299,600. The trade was a 39.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the sale, the director now owns 373,579 shares in the company, valued at $14,464,978.88. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,350,384 shares of company stock valued at $55,413,757. 60.04% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Berenberg Bank assumed coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Truist Financial lowered their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company cut their price objective on Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.87.
View Our Latest Analysis on IOT
About Samsara
(
Free Report)
Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.
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